MLC101 Lecture 12: Notes Summary
Document Summary
* proposal by one party to enter into a legally binding contract with another [writing orally or implied by contract] * can only exists if there is a firm promises to do or refrain from doing something. * must have: a) two or more parties b) an offer; and c) an acceptance of that offer. * indication of willingness to deal or trade. * an initial approach to others inviting them to make an offer that may or may not be accepted. Invitation to treat - (e. g. i want to sell my car but i will not let it go for less than ,000) Offer (not an invitation to treat) ( e. g. i will sell you my car for ,000) Gibson v manchester cc [1979] 1 all er 972. *offers generally distinguished from invitation to treat: a) shop displays, catalogues and advertisement b) auction sales c) online auctions d) tenders.
